Bill
HB 2641
Arizona: Provides $4 million in FY2025–2026 to fund construction of the N9054 bridge through the Navajo Division of Transportation.
Note on source material
- The materials provided appear to combine two different bills both labeled “HB 2641” from different jurisdictions. One is an Arizona appropriations measure (sponsored by Rep. Myron Tsosie) that funds a bridge project. The other is an Illinois measure (introduced by Rep. Martin McLaughlin) that creates a senior homestead exemption for school district property taxes. This summary treats each text separately and highlights key provisions, affected parties, and procedural details.
Purpose
- Provide state funding for construction of the N9054 bridge through the Navajo Division of Transportation.
Key provision
- Appropriates $4,000,000 from the State General Fund in fiscal year 2025–2026 to the Arizona Department of Transportation to be distributed to the Navajo Division of Transportation for the N9054 bridge construction project.
Who is affected
- Navajo Division of Transportation (recipient), local communities served by the N9054 bridge, and the Department of Transportation (administration/distribution of funds).
Timing / procedural
- Funds specified for FY 2025–2026. Text is a direct appropriation; no additional programmatic detail in provided excerpt.
Purpose
- Create a new homestead property tax exemption that removes the portion of property tax levied by school districts for qualifying senior homeowners.
Key provisions
- Adds Section 15‑171 to the Illinois Property Tax Code.
- Effective for taxable year 2026 and each taxable year thereafter.
- Eligibility: applicant who will be 67 years of age or older during the taxable year; is liable for payment of property taxes on the homestead; and is owner of record or has a legal/equitable/leasehold interest evidenced in writing.
- Qualified homestead: primary residence as of January 1 of the taxable year, with equalized assessed value (EAV) under $250,000. Property rented more than 6 months is presumed commercial and excluded.
- If a qualified applicant moves into a licensed care facility (e.g., nursing home, assisted living, ID/DD care), the exemption continues while either (a) the applicant’s spouse (who must be 67+) continues to occupy the residence, or (b) the residence remains owned by the applicant even if unoccupied.
- Applications processed during the county’s normal homestead exemption application period; assessors or chief county assessment officers may verify eligibility by application, inspection, questionnaire, or other reasonable methods.
- State Mandates Act: specifies no state reimbursement to local units for mandates created by this section.
- Effective date: the Act takes effect upon becoming law; exemption applies beginning taxable year 2026.
Who is affected
- Eligible senior homeowners (age threshold: 67) with primary residences EAV < $250,000 — they would be exempt from property taxes levied by school districts.
- School districts and local taxing authorities could see reductions in taxable base and property-tax revenue.
- County assessors (administration/verification).
Potential impacts and considerations
- Reduced school district property tax revenue for affected parcels; fiscal impact depends on number of qualifying properties and local EAVs.
- The bill contains no state reimbursement for lost local revenue, potentially shifting tax burden or requiring local levies to be adjusted.
- Administrative workload for county assessors to process and verify new exemptions.
- Companion bill: SB 1380 (indicates parallel consideration in the Senate).
Legislative status & sponsors (from provided materials)
- Arizona text: introduced Feb 11, 2025 (Rep. Myron Tsosie listed).
- Illinois text: introduced Feb 6, 2025 by Rep. Martin McLaughlin; reading/referred actions listed (Rules, Revenue & Finance, Tax Policy subcommittee); added co‑sponsor Rep. Kevin Schmidt (noted 2025‑10‑27).
- Because of mixed-source materials, stakeholders should confirm the relevant jurisdiction and bill version before taking action or relying on details.
Compiled from official sources — confirm details with the bill’s official record.
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